800-901-3099

Term Surety Bond

A Term Surety Bond is a general term to describe a bond that covers a specific period for a specific activity or event. Once the term end date is reached, the bond is cancelled and the obligation by the surety and principal to the obligee ceases. Typically, if the term is shorter than a year, the bond is still subject to a full first year premium that will be considered fully earned by the surety carrier.